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Sandusky, Schultz Still Collecting Pensions, Paterno Eligible For Over $500,000

Spanier Resigns From Two Boards

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Updated: 9:51 AM EST Nov 16, 2011

Sandusky, Schultz Still Collecting Pensions, Paterno Eligible For Over $500,000

Spanier Resigns From Two Boards

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Updated: 9:51 AM EST Nov 16, 2011

STATE COLLEGE, Pa. —

Several former Penn State employees are still eligible for state pensions following the scandal at the university.

Penn State's former head coach Joe Paterno is in line for a pension of more than half-a-million dollars a year, according to an Associated Press report.

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After more than 60 years in the state employee's retirement system, Paterno is eligible for a pension equal to 100 percent of the average of his three highest salary years.

That comes out to $554,000 a year.

Since Paterno lost his job last week, but has not retired, the pension is still subject to change.

Jerry Sandusky is collecting a $59,000 annual pension, while a former university administrator charged with not reporting suspected abuse is getting about five times that much.

The Associated Press reported Sandusky collected a $148,000 lump pension when he retired from the university in 1999.

Former vice president Gary Schultz raked in a $422,000 lump payment upon retirement in 2009. His yearly pension exceeds $330,000.

Schultz returned to the job this fall as the university searched for a replacement.

Athletic director Tim Curley, charged like Schultz with perjury and failure to report, isn't a part of the State Employees' Retirement System. It says ousted school president Graham Spanier isn't, either.

Former University President Resigns From Two Boards

Ousted Penn State University president Graham Spanier has resigned from the board at U.S. Steel.

U.S. Steel's CEO is John Surma -- who is also the vice chair of Penn State's Board of Trustees, which ousted Spanier.

The Department of Defense has also accepted Spanier's resignation from the board of advisers of the naval post-graduate school.

Spanier was fired from his university president post on Nov. 9.

CEO Of The Second Mile Resigns

The CEO of The Second Mile, the organization former Penn State assistant football coach Jerry Sandusky formed in 1977, has resigned.

The organization's board of directors accepted the resignation of Dr. Jack Raykovitz on Sunday.

Raykovitz had led The Second Mile for 28 years.

The board of directors said they will investigate their internal policies. They also said they have hired a new attorney.

"I have submitted, and the Board has accepted, my resignation as President/CEO of The Second Mile. Providing any statement beyond that sentence takes the focus from where it should be -- on the children, young adults and families who have been impacted. Their pain and their healing is the greatest priority, and my thoughts and prayers have been and will continue to be with them. I continue to urge anyone with information regarding this investigation to contact investigators from the Office of Attorney General at 814-863-1053 or Pennsylvania State Police at 814-470-2238.

"A mother wrote to The Second Mile this week, 'I am saddened by the prospect of people losing faith in this amazing organization What you have built in my child is a confidence, a sense of belonging, respect, joy in helping others, and most importantly, his self esteem ' I hope that my resignation brings with it the beginning of that restoration of faith in the community of volunteers and staff that, along with the children and families we serve, are The Second Mile."

Late Monday afternoon, Lynne Abraham, an attorney representing the board of trustees for The Second Mile, said the goal now is to investigate what happened and determine if the charity can be saved.

"I think the board feels they don't want to see thousands of kids' lives are wrecked because some horrible, unforgivable, terrible things happen to some young people no one is forgiving."

Judge, Penn State Donated To Second Mile

Penn State University was one of the donors to the youth charity at the center of the child sex-abuse charges against former Penn State assistant football coach Jerry Sandusky.

Penn State donated between $1000 and $1999 to The Second Mile in 2009, and its Altoona campus donated between $2000 and $4999 that same year.

The donations came even after high-ranking university officials were told that Sandusky had been seen sexually assaulting a boy on campus.

Another donor was the judge who granted unsecured bail to Sandusky. State College District Judge Leslie Dutchcot gave money to The Second Mile in 2009.

Dutchcot didn't immediately respond to a question about whether she'll recuse herself from the case.

The attorney general's office declined to say if prosecutors would ask Dutchcot to recuse herself.

Gov. Corbett Addresses Case

On Monday, Gov. Tom Corbett publicly addressed Sandusky's bail.

"That was a decision made by a district court judge. I would say if I was a district court judge, there would have been many more conditions placed on that. The money probably would have been higher. I can tell you that's what I would have done," Corbett said.

On Sunday morning, Corbett discussed the case on NBC's "Meet The Press."

Penn State Loses Saturday Game

Capping the worst week in school history, No. 12 Penn State nearly overcame a 17-point deficit but was stopped short on a 4th-and-1 late in a 17-14 loss Saturday to No. 19 Nebraska.

The outcome was secondary in Happy Valley.

A tumultuous week that began with the arrest of former defensive coordinator Jerry Sandusky on shocking child sexual abuse charges ended Saturday with Penn State losing in its first game in 46 years without coach Joe Paterno, who was fired Wednesday.

But a key drive ended when Silas Redd was stopped on the fourth down with 1:49 left at the Penn State 38.

Quiet At Paterno Home During Game

Penn State is playing football without Joe Paterno, but his presence is everywhere on campus.

There was a quiet calm Saturday outside his home near the center of campus. A small clutch of reporters and TV cameras stood watch.

Whether Joe was inside was uncertain. His son, Jay, didn't know where or with whom his father may be.

On the lawn a pair of homemade signs faced the windows - one read "We Love You Joe, Thank You" the other, "Thanks Joe."

Nearby a small American flag was planted in the yard.

But inside the Paterno Library, biology students were studying. The peach ice cream flavor named for him was scooped out at the Creamery. And work continued on the Catholic student life center named for his wife, Sue.